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Saudi Arabia sees record 144% rise in new mining exploration licenses in H1
Saudi Arabia issued a record number of new mining exploration licenses in the first half of 2025, marking a 144 percent year-on-year rise, official data showed. A total of 22 […]
Two-state solution conference poised to convene at UN as famine spreads in Gaza
‘ As the international community braces for the two-state solution conference in New York on July 28-29, co-chaired by Saudi Arabia and France, expectations are high for renewed political will […]
Fitch affirms Saudi Arabia’s ‘A+’ rating with stable outlook
Fitch Ratings has affirmed Saudi Arabia’s long-term foreign-currency issuer default rating at “A+” with a stable outlook. The agency cited the Kingdom’s strong fiscal and external balance sheets, continued growth […]
Saudi and Syrian business leaders commit to energy sector revival
Saudi and Syrian business leaders affirmed their readiness to support the redevelopment of Syria’s energy infrastructure following a high-level meeting in Riyadh. The participants presented proposals for joint projects focused […]
Saudi bank loans hit $845bn as corporate lending booms
Saudi banks’ total outstanding loans reached SR3.17 trillion ($844.7 billion) at the end of May, an annual increase of 16.28 percent, according to the latest official data. Figures released by the […]
Reforms, incentives paving way for Saudi Arabia’s rise as logistics hub
Saudi Arabia’s logistics sector is emerging as a magnet for global investment, powered by regulatory reforms, incentive schemes, and its alignment with the ambitious Vision 2030 agenda, according to industry […]
Jeddah by jet ski: How the Red Sea is powering Saudi Arabia’s new tourism economy
Once a trading port and gateway to holy cities, Jeddah’s Red Sea coast has transformed into a lively center for marine leisure, luxury tourism, and major yachting and water sports […]
Saudi Exchange unveils new instrument to trade global shares locally
Saudi Arabia has introduced a new financial instrument that gives investors in the Kingdom direct access to shares of foreign companies listed on global markets. The Saudi Exchange on July […]
Saudi Arabia’s construction output to hit $191bn in 2029: Knight Frank
Saudi Arabia’s construction output value is expected to reach $191 billion in 2029, representing a rise of 29.05 percent compared to 2024, according to an analysis. In its latest […]
Saudi Arabia’s National Development Fund secures $1.3bn in credit facilities to boost development projects
Saudi Arabia’s National Development Fund has secured SR5 billion ($1.3 billion) in credit facilities through two agreements with Al-Rajhi Bank and Arab National Bank. The deals are designed to enhance […]
